As the construction credit market heats up don’t forget to protect your mechanics lien rights nationwide. It’s important to be aware of the growing risks of extending credit in construction marketplace. Companies are seeing a slow down in cash flow. This is the time when construction payment increases, which may present both opportunities and challenges for your business.
As the CEO or the individual responsible for managing your company’s finances, it’s crucial to take note of the rising number of Chapter 11 bankruptcy filings. In these uncertain times, safeguarding your lien rights has never been more critical. Construction Lien rights are your legal protection to ensure you get paid for the hard work and services your company provides. Make it a priority to understand and assert your lien rights, especially when dealing with financially distressed parties. Failing to protect your mechanics liens or construction lien rights can result in financial losses for your company. It’s advisable to consult construction National Lien Counsel or a mechanics lien specialist to ensure you get the help you need in following the correct procedures.
NLB’s National Lien Counsel will be attending Chicago Build Expo (Oct 11-12, McCormick Place), the largest construction & design show in the Midwest supported by the Mayor of Chicago.
If you plan to attend this event, you’ll have the opportunity to meet NLB General Counsel for a comprehensive lien rights consultation. It’s an excellent chance to address any questions or concerns regarding your company’s mechanics lien rights.
Don’t leave your construction lien rights to chance. Contact NLB today for a complimentary initial lien evaluation with experienced construction attorneys and ensure your company’s financial security.